FixNix Inc.,
@fixrnix
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#FixNix World’s 1st #SaaS #Governance #Risk #Compliance #GRC #Fintech #Regtech #Analytics #Datalake #CyberSecurity #IRM
San Francisco, CA
Joined September 2012
How Can We Make More Empathetic Technology? https://t.co/vNREah9sPY Written by @sshanmugavel of @fixRnix
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@SecYellen
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
The basic formula here is actually correct… 1. No bailout for SVB stockholders/bond holders. 2. But we will meet the needs of depositors. 3. And prevent contagion… But it all sounds hopeless vague. Half-measures won’t stop a banking crisis.
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@Reuters @hannahdlang Who is Greg Becker, the head of failed Silicon Valley Bank? https://t.co/vwyUQqE7wy
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
reuters.com
Greg Becker, the chief executive officer who presided over the collapsed Silicon Valley Bank, joined the company three decades ago as a loan officer.
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@MaxGhenis @ThePolicyEngine Bailing out SVB would embolden banks to take irresponsible risks Tiny, disproportionately rich share of US jobs are at stake How is this debatable @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
“Bailing out SVB would embolden banks to take irresponsible risks,” Max Ghenis, a policy analyst at PolicyEngine, wrote on Twitter. “A tiny, disproportionately rich share of US jobs are at stake. … How is this debatable.”
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@accountable_us
@LCommaThoughts
@tedcruz & many others want to end @CFPB kinda regulatory agencies #regTech
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
The Supreme Court's looming decision on the @cfpb's funding is just one of many threats facing the agency from conservative extremists and their Wall Street donors. Learn how @FinancialCmte leaders are undermining the CFPB's efforts to protect consumers: https://t.co/m99sbeSgBl
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@RepJoshG on immediately pass legislation expanding FDIC insurance and depositor guarantees to everyone, including SVB depositors. @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
NEW— @RepJoshG is circulating this letter, which, among other things, calls on congress/regulators to raise the limit on deposit insurance.
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@JStein_WaPo @washingtonpost scoop @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
Scoop: Federal authorities weigh safeguarding *all* SVB deposits, per 3 sources Would require finding broad risk to financial sector Then need regulatory approval NOT final/decided Fdic, Fed, Treasury discussing https://t.co/h5XZ3Lp6dL
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@davidsirota
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
Additional point: Whatever depositor protections SVB's customers get should be extended to everyone in America. No special privileges. It should be universal, and in tandem with tougher regs.
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@davidsirota
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
A "bailout" is the enrichment of shareholders and executives. Guaranteeing deposits seems different. In general, nobody should want a world where an individual or business puts cash in a savings account and it can just vanish.
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CA-14 congressman @RepSwalwell
@FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
*Bernie Sanders’ campaign advisor. Seems fair: bank execs and investors get ZERO. Working class get paychecks. I’ll add, aggressively investigate wrongdoing at bank and search for any shorting that may have manipulated this.
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@SenateDems @TheDemocrats @MarkWarner No regrets for voting with @realDonaldTrump on #bankingDeregulation 2018 @svb_financial president held fund raiser at his home for Mark Warner @davidsirota
@POTUS @FDICgov @federalreserve
@USTreasury #SaveSVB
@CFPB @Michael_S_Barr
The president of Silicon Valley Bank held a fundraiser at his home for Democratic Sen. @MarkWarner before Warner then voted to deregulate Silicon Valley Bank. Details here:
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Silicon Valley's Democratic Congressman, @RoKhanna, urging greater federal action to protect the depositors at @SVB_financial beyond @FDICgov's $250k insurance #SaveSVB
@FaceTheNation @CBSNews @margbrennan
@FDICgov @federalreserve
@USTreasury #FSOC
@FinStbBoard
@CFPB
The deal since FDR — shareholders & investors lose their value but depositors are protected. Chair Powell recognized this when all depositors were protected after Bank of New England collapsed. Money today moves at the speed of Twitter. The gov’t needs to act fast & decisively.
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One @GOP nominee @VivekGRamaswamy wanting not to bail out @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
There’s something very ugly happening right now: VCs & startup execs who stand to lose their deposits at SVB are going *out of their way* to push a narrative that there’ll be a bank run on Monday if SVB depositors aren’t bailed out by the government. They’re yelling fire in the
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@CaliforniaPanda The fact is that Biden has presided over catastrophic economy that has devastated everyday Americans and has caused misery across country due to #antiAmerica policies @FDICgov @federalreserve
@USTreasury #FSOC
@FinStbBoard
@CFPB @Michael_S_Barr #SaveSVB
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@CaliforniaPanda Out of control Democrats and Biden administration have continued to pathetically try to blame President Trump for their failures with desperate lies for the collapse of SVB This is nothing more than a sad attempt to gaslight the public to evade responsibility.
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@ggreenwald Until 2 months ago, Democrats controlled both houses of Congress. So whose fault is this week's collapse of the Silicon Valley Bank? Obviously: Trump's @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
Biden has been president for more than 2 years. His appointees control all regulatory agencies. Until 2 months ago, Democrats controlled both houses of Congress. So whose fault is this week's collapse of the Silicon Valley Bank? Obviously: Trump's (probably Putin's, too). 🌊
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@RealEJAntoni @Heritage The deregulation had to do with systemic risk nothing to do with Trump or Dodd-Frank unusual confluence of events SVB dealt exclusively with tech firms usually rely on continuously rolling over large debts & put disproportionate into long-term bonds
The deregulation had to do with systemic risk, which was not the case here - there would’ve been exactly the same outcome w/ or w/o the $50 billion threshold.
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@itsJeffTiedrich Donald Trump slashed banking regulations and a major bank failed. if only we could find some common thread linking these events @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
Donald Trump slashed rail regulations and a toxic train derailed. Donald Trump slashed banking regulations and a major bank failed. if only we could find some common thread linking these events
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@davidsirota Donald Trump signed the bill into law. And now the bank is the 2nd biggest bank collapse in American history @FDICgov @federalreserve
@USTreasury #FSOC #DSIB
@FinStbBoard #GSIB
@CFPB @Michael_S_Barr #SaveSVB
🚨Meet the 50 Republican senators and 17 Democratic senators who voted to exempt Silicon Valley Bank from tougher risk regulations after the bank's president pressed them to do so. https://t.co/a8XEifQidA
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